Managerial Entrenchment and Firm Value: A Dynamic Perspective

We examine the impact of managerial entrenchment on firm value using a dynamic model with firm fixed effects. To estimate the model, we employ the long-difference technique, which is shown by our simulation to deliver the least biased estimates. Based on a large sample of U.S. companies, we document...

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Main Authors: Chang, Xin, Zhang, Hong Feng
其他作者: Nanyang Business School
格式: Article
語言:English
出版: 2015
在線閱讀:https://hdl.handle.net/10356/81056
http://hdl.handle.net/10220/39088
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機構: Nanyang Technological University
語言: English

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